ZetaChain Mainnet is about to launch: A new chapter in cross-chain interoperability

ZetaChain, as an innovative Layer 1 blockchain platform, is attracting widespread attention in the industry. This project has undergone long-term testing, attracting a large number of users and developers, and has established partnerships with numerous projects and deployed them on the testnet. With the Mainnet set to launch soon, ZetaChain is expected to usher in a thriving ecosystem.

The core advantage of ZetaChain lies in its design for full chain interoperability. As a smart contract platform, it can connect various blockchains, including Bitcoin and Dogecoin, which do not support smart contracts. This feature allows applications and smart contracts created on ZetaChain to run across multiple chains, enabling seamless flow of assets and data.

Through a full-chain smart contract and cross-chain messaging mechanism, ZetaChain addresses the isolation problem of traditional blockchain operational environments. Its zEVM (execution layer compatible with the Ethereum Virtual Machine) allows developers to manage all assets and data states across connected chains by deploying just one full-chain contract. This provides developers with a "one-stop" platform, and users can also access all assets and data within ZetaChain.

In terms of security, ZetaChain is built on the Cosmos SDK and the Tendermint consensus mechanism, employing a Proof of Stake (PoS) mechanism. All cross-chain transactions are transparent and verifiable, with no single node in the network having control over private key access, reducing the risk of private key leakage. During asset transfer, ZETA tokens are used as intermediaries, further minimizing potential security threats.

ZetaChain has established ecological partnerships with nearly 200 projects, covering multiple fields such as DeFi, gaming, infrastructure, and NFTs. Among them, the collaboration with the multi-chain DEX Sushi is particularly noteworthy. ZetaChain will help Sushi users trade native Bitcoin directly across more than 30 networks, eliminating the risks associated with wrapped assets and cross-chain bridges.

In terms of financing, ZetaChain has made significant progress since completing its seed round in March 2022, attracting early employees and executives from companies like Coinbase and Polygon. In June 2023, the company completed a $27 million Series A funding round, with notable investors including Blockchain.com and Jane Street Capital.

To support ecosystem development, ZetaChain launched a $5 million grant program in April 2023 aimed at supporting full-chain dApp developers. As of December 2023, its ecosystem has grown to 197 projects.

Since the launch of ZetaChain's testnet on August 6, 2022, it has attracted over 2.66 million unique addresses to participate, with developers building 46,522 smart contracts on it and initiating 14.08 million cross-chain transactions. To incentivize the use of the testnet, ZetaChain also partnered with OKX Web3 wallet and Bitget wallet to host testing events, attracting a large number of users to participate.

As the Mainnet is set to launch in the first quarter of 2024, the ZetaChain team plans to hold a Mainnet countdown AMA on January 30, and will host a full-chain summit at ETHDenver from February 29 to March 3, 2024. Currently, the ZetaChain airdrop is open for inquiries and pre-claims, allocating 31.5 million ZETA to over 800,000 ZetaLabs users and contributors.

The launch of the ZetaChain Mainnet will be an important milestone in its development, expected to further enhance its capabilities as a full-chain interoperability platform, attracting more developers to build innovative dApps and potentially bringing more investments and user participation. As a platform dedicated to full-chain interoperability, the success of ZetaChain is not only crucial for the project itself but may also drive innovation in interoperability and cross-chain solutions across the entire industry.